A five-fold increase on the last budget according to Commissioner Serafin
| Commission pitches €131bn for defence and space in EU budget | | | | The European Commission has proposed to earmark €131 billion for the EU's various defence and space industry programmes in the next seven-year budget on Wednesday.
The proposal represents a fivefold increase in funding for defence and space compared to the current budget cycle.
Politicians and industry have repeatedly floated a €100 billion target for EU defence industry policies. The Commission's proposal surpasses that target. | | |
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